Member Info for itsaduster

I don't actually see much of an sp rise until we get taken out post DFS or post first metal product. The graphical representation is a bit of a mystery to me but might be due to the long time it has taken due to market conditions.

Progress continues !!

Bit of a high horse you are on the Dude. I think Management are up to date here !! I am appy

Yeh windy pops. Top lip goes blue don't you know sure sign of wind

Spot on M'Lud We are due news and MMs as always have the drop on us and see chance to make so dough Basta--- !!

They expect to be mining at a rate of 5000 Tons per Annum by the end of 2018. That's different from 5000 tons mined in this current year. Some Posters here have as much saavy as Blomberg reporters. Not to worry as TBTT says the important agenda here for now is what the lopolith drill tells us.

Wasn't expecting this until September. Someone pulled a long sassy core

progressing these plans ...... WITH A FEW TWEEKS !! Cos Leon is the Master !

Paddy ....... you going for some kind of record. Permission given to lie down in a darkened room !! Let me mention that the Hernic plant was and is ground breaking in many respects and it is harder to separate chromite and Pt than it is to get at the Zn and Pb. Floatation is a piece of p--- I am not aware that we have changed our plans from those we had before the licence moment. BMR have done some work before our arrival and we are just progressing these existing plans. I absolutely agree we need a vastly bigger plant than the 5 t/hr and 50 t/hr is appropriate but might not be possible for BMR unless they have a huge cash call. Borrelli is in London this month at the QE11 hall ?? along with our lot . A huge plant is appropriate but it will seriously delay when BMR get some cash out as we will be reclaiming our costs. 2 years without cash might not suit BMR. I hope we fold them in ....... in a nice way for both of us.

Apologies ..... we are in the phase just after first gold pour and we now will prove up the interpretation of the resource and the design and build of mine and plant. So I am looking forward to :- 1) Firming evidence of Free cash flow 2) Confirmation that efficiencies can be met and sustained and even improved as already suggested. 3) Additions to Ore reserves exceeding the rate of consumption 4) Sustainable or even increasing Head Grade. 5) Potential to reduce debt and Hence finance expansions. (FCF) 6) Hence capacity to pay Divi. within next 2 or 3 years. Share buy back. I see the resolution passed as a Management move to keep the decks clear and the Corporate profile tidy. There are likely to be many more economically advantageous moves ahead of a buy back particularly if we have expansion plans and a rising gold price. Share buy backs are used by mature Companies when they are throwing of loads of cash and cant find a more profitable investment than themselves. Often indicates moribund Management with no imagination.

Thx I did miss it but I did look !

Two respected posters turned ferrule. There is an intellectual disconnect between the Report recently posted (which was good savy and comprehensive) and the spiteful drivel being posted now. I have asked if the poster claiming Authorship of the Report has Mining Geology or Engineering formal background but havnt had a response surprisingly. !!! For me the pedigree behind the Report is in question which prompted my curiosity. So I support the poster who is putting an entirely reasonable question about the stagnation of the sp over a long period of time. I suggest the answer from someone with intellectual grasp would be as follows. When an embryonic mining Co is formed it usually is formed as an Expo Co. It will then conduct a surface examination with Geochemical grab sampling, some trenching sampling and lots of Geological mapping from surface outcropping. If interest can be sustained it can progress to more technically sophisticated methods and probe sub surface using appropriate geophysical techniques. Then if this still looks good a drilling campaign can be rolled out over the interesting sites identified by the expo procedures. Initially the sp is dreary but as each bit of news is released if it progressively suggests a mineral resource might be present then the sp will tighten. When the drill samples are assayed the results; if they confirm there is a mineral occurrence then the sp can move up quite strongly and this can continue as and if the grades off the drill samples released are good. This continues generally to the point when a jorc compliant mineral resource is declared. Many serious investors will exit at this point as they are now into scoping studies and Feasibility studies and then EIA (environmental impact assessments) This is expensive and time consuming and many fall at this point so the pros will not want the risk and take their profits ......... so sp widdles down and stays down. Once decision to Mine happens then fund raising (sp perks a little maybe but still in doldrums) and Mine build. Sp still dodgy but underlying firmness is evident. First gold pour. Good strengthening but sp still well below the heady expo days. As production progresses and folks can see the numbers are matching the DFS then over the next 2 or three years if Management and resource and politics look strong and Free cash flow well established then sp rises steadily and will often match the peak reached in the expo phase (depending on the cash raising history). That's where we are now. Sp then levels off but may rise again if more or better resources are proved up or if production is jacked up and this produces better FCF or of course if the price of product increases

BMR / Jubilee will be stripping Tailings at Kabwe of Zn Pb and Vanadium. Since they have the patent in Zambia approved will they (BMR/JM) be required to pay AXM for the use of the patent or can this all be done without recourse to our patents. If so what is the use of our patents.

Martins going to put Himself out there ......... !! Really ?? He is either a numb skull or he knows something coming up which we don't have any inkling off Either way I don't get it. I am very tempted to rock up just to read the program speel on Alexander Mining to Him and ask for the evidence it is a true depiction of AXM. Mmmmmmmmm contemplate cogitate ruminate and ............ Burp and belch !! (If I do go I will report back here if they don't put it up on on of the media. Anyways we know now why the placing a couple of months back.

Let me add its not in the culture to crash down on a contractor as soon as he crossed the terms of the contract. In my opinion and experience the penalties applied are not lenient in any way though I believe CB to have been on the lenient side sometimes. Okay trying to skip round it but CB is a decent lad

Not really fair mate. Have you ever managed or supervised an Mining Contractor ?? I have over many decades so let me say this. Statements indicated the terms of contracts and the derived expectations. In the event the terms of contracts not met by one of the contractors and penalties have been applied and accepted and the contract reconfigured. That's OKay Thats Mining for you !! Miles from anywhere and Engineering support.......... but yes frustrating. Lets see when figures are out ........soooooon !!

Thanks !! for info on Proctologists ......... strangely relieving !!

I am not aware of any other way to acquire in depth comprehensive and extensive info on an investment other than this BB site. Stockbrokers or investment advisers just arnt in the game. HUMs visit was inspirational. Big mining beasts want very long term high tonnage properties. What of the future. If the past is a foundation for the future then the youth of our Senior Management bodes well.

Indulge me and my curiosity if you can pls You have a formal Science / Engineering background. ??

Good Job ! Thx !!